IMF Staff Country Reports

Kuwait: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait

December 9, 2024

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Format: Chicago

International Monetary Fund. Middle East and Central Asia Dept. "Kuwait: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait", IMF Staff Country Reports 2024, 328 (2024), accessed December 11, 2024, https://doi.org/10.5089/9798400294303.002

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Summary

The economy remains in recession, but a recovery has begun in the non-oil sector, and inflation is moderating. Lower oil prices and production have weakened the external and fiscal balances, while financial stability has been maintained. The risks around the outlook are skewed to the downside, but substantial financial buffers are a source of resilience to external shocks.

Subject: Fiscal policy, Fiscal stance, Inflation, Macrostructural analysis, National accounts, Oil prices, Prices, Public debt, Structural reforms

Keywords: Fiscal consolidation, Fiscal stance, Inflation, Oil prices, Structural reforms

Publication Details

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